Award-winning Guildford mortgage adviser, Complete Mortgages, has strengthened its Equity Release mortgage team after one of its brokers secured the coveted Certificate in Regulated Equity Release (CeRER) at the beginning of June.
Lee Cousens, who was been with Complete Mortgages since 2017 after the Guildford broker recruited him from Countrywide Mortgage Services – where he was one of the UK’s top performing brokers – passed the two-unit exam with a distinction and a merit.
The move enables Lee to offer specialist Equity Release advice on lifetime mortgages and Retirement Interest Only (RIO) mortgages, both of which have experienced significant growth in 2020.
According to the Equity Release Council, an organisation that represents the Equity Release sector and exists to promote high standards of conduct and practice in the provision of advice on Equity Release, £1.06bn of property wealth was accessed via Equity Release products in Q1 2020, up 14% from £936m a year earlier.
The findings suggest that Equity Release is increasingly becoming an accessible and popular way in which to fund retirement income, one-off expenses and lifestyle purchases including holidays.
On bolstering Complete Mortgages’ Equity Release team, Lee comments: “Equity Release is a growing sector and there is a wide range of Equity Release mortgage products continually coming onto the market. With the CeRER qualification under my belt, I’m now able to offer Equity Release consultations at the highest level, manage the increase in Equity Release enquiries we’re receiving on a daily basis and reinforce Complete Mortgages’ reputation as an expert in this field.”
Mark Finnegan, Director at Complete Mortgages, adds: “Equity Release has proven to be a popular way in which to fund later years by a large section of society. Complete Mortgages’ Equity Release applications have increased substantially over the last 12 months and I only expect this upwards trend to continue. Lee’s certification will not only enable Complete Mortgages to meet this growing demand but it also reaffirms our position as a specialist mortgage broker.”
For more information or to apply for an Equity Release mortgage contact 01483 238280 or email firstname.lastname@example.org.